Bankia squeezes pricing on debut AT1

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Bankia squeezes pricing on debut AT1

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The logo of the Spanish state-owned bank Bankia, photographed with red traffic lights in Madrid on 15.04.2013. Photo: Fabian Stratenschulte | Fabian Stratenschulte/DPA/PA Images

Bankia paid a very slim new issue premium for its debut additional tier one deal on Thursday, as investors showed they were willing to support two tightly priced trades from riskier Spanish banks in two days.

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